{"id":21810,"date":"2023-11-20T23:56:00","date_gmt":"2023-11-20T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=21810"},"modified":"2025-02-25T08:50:13","modified_gmt":"2025-02-25T00:50:13","slug":"the-compound-effect","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/","title":{"rendered":"The Compound Effect"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/#Introduction\" >Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/#The_authors_main_point\" >The author&#8217;s main point<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/#Must_be_persevered\" >Must be persevered<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/#The_difference_between_success_and_failure\" >The difference between success and failure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/#Tips\" >Tips<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/#Influence\" >Influence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/#Have_a_correct_mentality\" >Have a correct mentality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/#Relative_articles\" >Relative articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&#8220;<a href=\"https:\/\/www.amazon.com\/Compound-Effect-Darren-Hardy\/dp\/159315724X\" target=\"_blank\" rel=\"noreferrer noopener\">The Compound Effect<\/a>&#8221; is a book that explores self-growth and how to succeed in life. <\/p>\n\n\n\n<p>This book is actually very thin and the average person should be able to read it in one or two hours. The principles discussed by the author in the book are all simple and easy to understand. Simple simplicity does not mean that everyone is willing to accept it from the bottom of their hearts and implement it-this is why there are not many successful people. In short, these principles are actually very important. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_authors_main_point\"><\/span>The author&#8217;s main point <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This is a very simple book, the content is not complicated, and it is easy to read and absorb. The author&#8217;s main point of view is: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Success is not based on luck, but a science. <\/li>\n\n\n\n<li>Any success is the consequence of the compound effect <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Must_be_persevered\"><\/span>Must be persevered<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The author&#8217;s focus throughout this book has repeatedly emphasized that anyone who wants to succeed must persevere, such as: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Practicality and stability are the keys to winning any competition (life is actually a competition). <\/li>\n\n\n\n<li>No pain, no gain.<\/li>\n\n\n\n<li>The journey to success is not a 100-meter sprint. This is a marathon and you have to be prepared. <\/li>\n\n\n\n<li>Weight control is the most obvious typical example. Weight control will fail, mostly because you cannot persevere and give up midway. <\/li>\n\n\n\n<li>The butterfly (ripple) effect. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_difference_between_success_and_failure\"><\/span>The difference between success and failure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Almost all successful people have the following common characteristics: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Say no boldly, following the crowd leads to mediocrity. <\/li>\n\n\n\n<li>Dare to be different and do things beyond what others imagine. <\/li>\n\n\n\n<li>The only difference between success and failure: winners are willing to do what losers refuse to do. <\/li>\n\n\n\n<li>The formation of the difference between success and failure = wise choice + persistence + time.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tips\"><\/span>Tips<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You need a way to measure. Otherwise, you won\u2019t know how to improve, manage, or track. <\/li>\n\n\n\n<li>Habits will subtly control everyone\u2019s behavior.<\/li>\n\n\n\n<li>Habit and behaviour tell no lie. <\/li>\n\n\n\n<li>Find your motivation and improve your desire. This will make it easier to achieve success. <\/li>\n\n\n\n<li>Patience<\/li>\n\n\n\n<li>Setting a goal for yourself. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Influence\"><\/span>Influence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The power of influence is more than our I imagination, and it will continue to determine which path you take in life. Therefore, the author recommends us: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Find people who are good for you, stay away from people who are not good for you.<\/li>\n\n\n\n<li>Choose healthy media, and filter garbage, after a long time, you will only receive information that is beneficial to you. <\/li>\n\n\n\n<li>Find a mentor.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Have_a_correct_mentality\"><\/span>Have a correct mentality<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mentality is actually a set of beliefs that shape how you understand the world and yourself. It includes: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Make up your mind and work hard to be ecellent.<\/li>\n\n\n\n<li>Don\u2019t think things will get easier, do everything and expect you to get better.<\/li>\n\n\n\n<li>What makes you special: the best effort after you try your best. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Life is actually the result of the compound interest effect.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"97\" height=\"135\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2023\/09\/\u8907\u5229\u6548\u61c9-1600x1200-1.jpg\" alt=\"The Compound Effect\" class=\"wp-image-21811\"\/><figcaption class=\"wp-element-caption\">credit: amazon.com<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Relative_articles\"><\/span>Relative articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/26\/long-term-investment-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Andy Lin&#8217;s long-term investment experience sharing<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/24\/andy-lin-investment-style\/\">The key points of Andy Lin investment style<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Compound Effect<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/04\/22\/deferred-gratification\/\" target=\"_blank\" rel=\"noreferrer noopener\">People who are good at deferred&nbsp;gratification&nbsp;is more likely to succeed<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/18\/exponential-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\">Exponential growth can produce excess returns<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/24\/compound-interest-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">The power of compound interest<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/05\/compound-interest\/\" target=\"_blank\" rel=\"noreferrer noopener\">Simple and compound interest calculator<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/21\/why-long-term-investment\/\">Why long-term investment is better?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/08\/30\/irr-calculator\/\" target=\"_blank\" rel=\"noreferrer noopener\">IRR Calculator<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/25\/stock-worth-holding-forever\/\" target=\"_blank\" rel=\"noreferrer noopener\">Investors should care annualized rate of return (IRR), How to calculate?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/04\/young-people-investing\/\" target=\"_blank\" rel=\"noreferrer noopener\">The great enviable advantages of young people investing in stock<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/time-discipline-and-patience-are-the-three-elements-of-successful-investment\/\">Time, discipline and patience are the three elements of successful investment<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/16\/patience-to-invest-success\/\" target=\"_blank\" rel=\"noreferrer noopener\">Patience, an indispensable element of investment success<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/01\/john-maynard-keynes\/\">John Maynard Keynes, Investment master<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stocks are the best bet for long-term investors<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Success is not based on luck, but a science.<br \/>\nAny success is the consequence of the compound effect<\/p>\n","protected":false},"author":1,"featured_media":21811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[694,1151,69,71,70,67,375],"tags":[],"class_list":["post-21810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-articles","category-compound-interest","category-discipline","category-out-of-the-ordinary","category-patience","category-perseverance","category-time"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/21810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=21810"}],"version-history":[{"count":11,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/21810\/revisions"}],"predecessor-version":[{"id":34564,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/21810\/revisions\/34564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/21811"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=21810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=21810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=21810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}